Analyzing Nova Vision Acquisition (NOVV) and The Competition

Nova Vision Acquisition (NASDAQ:NOVV) is one of 668 publicly-traded companies in the “Holding & other investment offices” industry, but how does it compare to its peers? We will compare Nova Vision Acquisition to related businesses based on the strength of its profitability, valuation, earnings, analyst recommendations, institutional ownership, dividends and risk.

Volatility and Risk

Nova Vision Acquisition has a beta of -0.01, indicating that its stock price is 101% less volatile than the S&P 500. Comparatively, Nova Vision Acquisition’s peers have a beta of 0.03, indicating that their average stock price is 97% less volatile than the S&P 500.

Earnings and Valuation

This table compares Nova Vision Acquisition and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Nova Vision Acquisition	N/A	$150,000.00	1,850.01
Nova Vision Acquisition Competitors	$972.03 million	$76.39 million	65.06

Nova Vision Acquisition’s peers have higher revenue and earnings than Nova Vision Acquisition. Nova Vision Acquisition is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Insider and Institutional Ownership

37.4% of Nova Vision Acquisition shares are owned by institutional investors. Comparatively, 53.8% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 43.3% of Nova Vision Acquisition shares are owned by insiders. Comparatively, 25.9% of shares of all “Holding & other investment offices” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Nova Vision Acquisition and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Nova Vision Acquisition	N/A	-2.84%	0.50%
Nova Vision Acquisition Competitors	-18.97%	-42.49%	-0.62%

Analyst Ratings

This is a summary of recent ratings and recommmendations for Nova Vision Acquisition and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Nova Vision Acquisition	0	0	0	0	N/A
Nova Vision Acquisition Competitors	128	727	959	18	2.47

As a group, “Holding & other investment offices” companies have a potential upside of 57.09%. Given Nova Vision Acquisition’s peers higher probable upside, analysts clearly believe Nova Vision Acquisition has less favorable growth aspects than its peers.

Nova Vision Acquisition Company Profile

Nova Vision Acquisition Corporation does not have significant operations. The company intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It focuses on sourcing opportunities that are in the PropTech, FinTech, ConsumerTech, supply chain management industries, or technology companies that serve these or other sectors. The company was formerly known as Lighthouse Acquisition. Nova Vision Acquisition Corporation was incorporated in 2021 and is based in Singapore.